Using AMT Credit Against Schedule E Income

Home Fairmark Forum Equity Compensation Using AMT Credit Against Schedule E Income

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  • #7225
    carlyg
    Participant

    Hi Fairmark Forum,

    I believe the answer to this question is “yes” but I am looking to confirm. Can I use my AMT credit against schedule E (real estate rental) income?

    I know I can use it against my W2 income that shows up on my 1040 and against my income from the sale of shares on schedule C, but I’m wondering about other types of income.

    Thank you!!
    Carly

    #7236
    Kaye Thomas
    Moderator

    There is no restriction on the types of income that may be used for this purpose. However, once you have enough income to use up the AMT credit, long-term capital gain is no longer useful because it is taxed at the same rate under AMT as under the regular tax.

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